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FOX Business
Dec 3, 2012 8:00pm EST
, paying his visit to capitol hill. why do we not see that any more? is it two sides or environment is so hardened? >> i think so. i also think that personality of these two men would not be best described as anti-social they to. but we're seeing this weird culture of bipartisan, you know we were supposed to put it away after the elect, and think about what is best of the country. i think they are staaing separate, they should be eating at the same table now. neil: they are not doing that. there is so much you could dodo with a serogate, and say surprise it seems to me, dr., doctor when ronald reagan heard things come up out of capitol hill, or tip o'neill he brought him over to the white house, said how can we compromise on this his famous line, i would rather get 80% of a loaf or no loaf at all, we don't see it, it is either my way or the highway, and i blame motorcycl both side. >> i do too, you said the word, compromise that is what works in great marriaging and even politics. meet in the middle. neil: why not have it at the white house? i think that white house, if you do something i
FOX Business
Nov 28, 2012 8:00pm EST
a horrible environment but it is still getting better. it is getting better because taxes are going to go up? >> good god no. that's not going to help things. it will make them worse. and there is a mild improvement. i would hope for a strong improvement. i don't expect to see it. and what has just been done is not going to improve things. sadly, it will make california even less competitive than before. neil: voters must have known that was the talk and advertising against these propositions when they started? >> well they --. neil: obviously voters thought otherwise. >> hard to know what they think. i thought i, i used to think i knew but, in the old days they were not crazy about taxes but i think there's been a shift. i think more and more people think they will not have to bear the burden. and therefore, why not. and the other thing was that frankly governor brown used education as a hostage, saying that it was necessary to avoid almost 6 billion in cuts to education. i don't accept that. there were a lot of things he could have cut. there are a lot of things that are not necessary and
FOX Business
Nov 30, 2012 5:00pm EST
is in it that makes it so bad for your car? it is great for the environment i would assume? >> well, it is made from corn. what is happening a lot of farmers are saying you know what? we'll start producing corn rather than other products. that is why your groceries gotten so expensive. on the other hand what this is very highly corrosive, so corrosive it has to be distributed to gas stations in stainless steel tanks which are hauled by diesel vehicles of all things. but when merged with the gasoline in your gas pump, wherever you pump your gas into the vehicle that's when they merge the two together. what happens is, it is so bad something called phase separation where the ethanol heavier goes to the bottom of the tank. now your vehicle, whether running on e-10 at every gas station which is mandatory or e15 which they would love to shove down our thoughts. what happens, starts off with separation. your gas tank is drying ethanol. so it destroys fuel systems. i have proof because i talk to companies that manufacture fuel lines. they have brand new vehicles with rotted out fuel systems. they have to p
FOX Business
Dec 2, 2012 1:00am EST
environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the idea of organizing the lowest end of the structure here is, as jonas says, the average lifetime of employee i think is nine mons in the fast food busins so it's antithetical and-- >> these an't coal mines and slaughter houses, brenda, these are folding sweaters at the gap, cashiers. >> we need to see more unions in china where they could make a difference, they could lift wages and improve living standards there. >> absolutely. >> and keep chinese, work forces from taking jobs away from america. >> good luck with that. >> brenda: thank you for the debate. and sandy victims facing devastation one month later, so is this any time for the united nations to be using them as a fund raising tool? the cavuto gang is all over that one at the bottom of the hour. up here first, forget fees in >> forget the pain, if we fall into the financial ditch. a new regulation in the the health care law might mauck you down rig
FOX Business
Dec 2, 2012 1:30am EST
something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never a consensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many who have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective viewpoint. >> and whether there is or not. i think you want to make 100% sure before you plunk down to address something. >> and that's what i worry about. >> i don't want to be like the outsid
FOX Business
Dec 5, 2012 11:00am EST
by the american people and your businesses and the economic environment worldwide. we should not accept going through that. you know, john engler, he and i philosophically do not agree on much -- [ laughter ] >> you know, i am just being honest about john. he ii a great politician. he comes from the other party. he is exactly right when he says the only thing that the debt ceiling is good for is destroying your credit rating. i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggest that they will type negotiations to that feeling both and take us to the brink of default onne again, as part of a budget to go she asian, which, by the way, we have never done in our history, until we did it last year, i will not play that game. with that, let me just say, we have one path where we resolve this fairly quickly. we have some tough spending cuts. we have modest revenue increases. you get business certainty. you do what you do best. and, we then have an open running world next year to deal with a whole host of other issues like in
FOX Business
Nov 29, 2012 12:00am EST
and environment for business. how many businesses are leaving the state because theye ovtaxed or overburdened or overregulated, whatever it is. what is the net there. home values whether rising falling and unemployment. they're trying to make the overall point it is a death spiral for a state when you have more people in the cart than pulling the cart. is that -- >> absolutely. melissa: is that correct? >> that is absolutely it. that is probably the best indicator of all. a lot of credit ratings really lag reality. if you have a high income state. you then raise your taxes like maryland just did, very similar o california, so you really collecting a lot of taxes the bond ratings agencies say you're pretty good. what they don't realize they rent u-haul trucks in those states and eventually people leave. in the short term they don't leave but in the long term theyon't come. and those that can leave will. melissa: you kno, people will write in make the point when you're talking about pensioners like we were in the lt segment, these people paid in at one time to call them takers now isn't fair.
FOX Business
Dec 4, 2012 8:00pm EST
of their people here, in this environment, there is little reason to lock at promising u.s., what is attracting money to places like switzerland, that it is not, inhibiting capital forming a and grrwth, we are. this has been developinn under republicans and democratic presidents alike with rules and regulations this is a very unfriendly environment to business. >> tax -- real tax rate for the large corporations, many who pay no federal income tax is 17%, it is not 35% or 30%, that is the tax rate, due to all loopholes. neil: i know, we can get into this argument. the real tax rate in japan now north of 13%, we can go back and forth on this but trend is up here, there are a lot of countries where reversing or slowing there, that is to a businessman looking to expand a good reason to expand. >> let's lower the bar, let's expect these u.s. corporationss3 with their privilages they have been given, as least keep as much money her as percentage -- >> you act like they are doing nothing here. they are hiring people, and growing hire, they have done a well the here, and our thank you to them. >> as we
FOX Business
Dec 6, 2012 5:00pm EST
of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of obamacare. hundreds of thousands of new regulations. we need to know what is going on to make good decisions and grow our businesses because of that. melissa: jamie, do you think to a c
FOX Business
Nov 29, 2012 11:00am EST
in this environment inevitable? >> let me just say our prayers are with president bush and i hope he has a speedy recovery. we have had cut after cut after cut in education in the last four years. in this recessionary environment most of the dollars in education are local and state dollars and we have seen 300,000 teacher layoffs, we have seen class sizes spiraling up and this is for the kids who need it most. what the federal dollars in education go for i really targeted programs like early childhood education, when we know that is important, 100,000 kids who get it now wouldn't get it. title i funds go for helping kids to learn how to read in urban areas, something that is absolutely essential. right now because of all the cuts we have had if you had mid year cuts in education like this, we see a lot of kids being hurt. connell: everybody says we need a strong military to be the united states of america but times have changed, there's more technology, the types of wars we have i have changed but me we could have a strong military few spend money in a smart way. in a similar case a lot of credit
FOX Business
Dec 6, 2012 1:00pm EST
look at jobs report tomorrow, is dismal. we're liking inflationary environment down the road. this is bad news. >> you could could make the argument invite blowing past short term helpful, long term payne full. melissa: spending cuts, tax hikes are very dramatic going over the cliff. when you look at numbers, still is like five to one raising taxes to cutting spending. >> that's right. melissa: no one is really talking about cutting spending. isn't that the first thing you would do? if your fiscal house was in such disarray, household at home, first thing you do is stop spending. no one is doing that. >> what scares me, is that point. whether you agree or disagree hiking taxes i am not a fan of it but i think it will come. we can get past this. charlie gasparino and i have argued this. one of the consequences of the election the president will probably get his way raising most rates. melissa: right. >> i'm not saying i'm a fan. let's get past that, let's make it happen. republicans realize you lost election you didn't suddenly lose your backbone. this should be precursor gett
FOX Business
Dec 3, 2012 4:00pm EST
that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great one but good enough one. david: the president's comments of last year notwithstanding where he was for lowering rates. rates go up in one way, shape or form. rather than spending money in the stock market where people get taxed more they think of more direct investment? more vehicles that avoid the stock market entirely and get cash directly to the companies? >> that could happen and would be good for the economy which in a perverse way would be good for the stock market as well if you see my logic. getting people to move off the dime. to say i don't need this hoard of cash frankly earning almost nothing. i need to put it to w
FOX Business
Nov 29, 2012 9:00pm EST
off the bone by heating a slightly. that saved money and the environment. >> and not only that, tired of hearing that argument. everybody, abc constantly, eat a leaner beef, worry about your health. so when we tried to eat it did take that away as well. john: not using it wastes 5,000 cows a day. >> they said the term pink slime 178 times either on their broadcast or with jim antelope. john: then they started taking it back. >> they started out. this is classic. they said, a term commonly used. then, of course, what you find is it is not. "washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from movies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of fou
FOX Business
Nov 30, 2012 12:00am EST
a slightly. that saved money and the environment. >> and not only that, tired of hearing that argument. everybody, abc constantly, eat a leaner beef, worry about your health. so when we tried to eat it did take that away as well. john: not using it wastes 5,000 cows a day. >> they said the term pink slime 178 times either on their broadcast or with jim antelope. john: then they started taking it back. >> they started out. this is classic. they said, a term commonly used. then, of couse, what you find is it is not. "washington post," new york times, one or two times at most that they had ever used it prior to that. john: what is the agenda? >> well, always the activists who are pushing against the food in general. what happened was this comes from a movie. a lot of the bad things in society come from mvies. shooting to put out by participant media so there were so proud of this process just amazing to look at. thee let these people and the videotape. you don't dare let anybody videotape anything because they demonized. john: the company closed three out of four plants, laid-off workers.
FOX Business
Nov 30, 2012 3:00pm EST
, business friendly environment. the opportunities are with the private sector and we understand that here in nebraska. liz: have you prepared, not one, but two budgets. one taking into account we go over the cliff and the other if we do not go over the cliff. >> i really have not looked at it that way. i am preparing a budget for the next two-year cycle. we are prepared to adjust depending on what happens at the federal level. i do want to remain cautiously optimistic that they will find a deal. put america first. liz: i am glad that you do remain cautiously optimistic. nebraska is a very important state. you yourself have held it up at certain points worried about that. there is apparently, as i understand it, we are hearing from some people that a deal could be there. >> number one, the preferred route does that. secondly, on december 4, we are having a hearing to listen to all the concerns of nebraskans. that will finish up the environmental impact statement. if they pass all of that a lot that information will be forwarded to me by the end of the year and then i will forward all that
FOX Business
Nov 30, 2012 8:00pm EST
markets in a much higher tax environment. we think of that? >> it is absolutely true. it is the possibility of capital gains and the stream of dividends. it is the same as diverting water away from the river. the river won't have the same amount of flow and that will affect the value of the water come into the river and of the stock market. eventually in time, that will be repriced and recess -- but for now, it is a big deal against the stock market. neil: all the companies that have been hiking up their dividends. whaa is enough for them to do it now? >> well, what's in it for them is that the stockholders get a dividend of four the taxes are increased upon him. and that is a big plus for them. by the way, they can accomplish very much the same thing through stock buybacks. neil: we are probably not seeing that now. >> big smiles, i see people all the time. people don't look happy. neil: even when we had a boom in the economy, i would be in a mall and i would not be happy. >> that we are talking about the other people. [laughter] neil: you can catch him on fox news.
FOX Business
Dec 5, 2012 6:00pm EST
for taxpayers and taxes paid. so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate your coming on the show, thank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-hand side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise ur rate cd. ally bank. your money needs an ally. gerri: where would we be
FOX Business
Dec 5, 2012 9:00pm EST
of services for taxpayers and taxes paid. so that we can create an environment for businesses to create jobs. gerri: long-term talks about this. a long way to go. i wish would come he would come back and maybe we will have a conversation. i really appreciate yo coming on the show,hank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-nd side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ mal
FOX Business
Dec 4, 2012 9:20am EST
to look over the long haul, over the long-term, whether you have an environment that's right for business. i think in arizona we are trying to get things right so over the long haul we can build a more diverse sustainable economy. i think we are headed in the right direction. stuart: i'm not being flip here, what kind of tax break dos you offer them -- tax breaks do you offer them, just give me an idea. >> if you bring manufacturing to our state, you are going to get a tax credit. if you bring research and development, you will get a tax credit. if you engage in sustainability, green jobs, you will get a tax credit. look, we saw the landscape around the country, and we wanted to make sure we were as competitive as possible. and a lot of it is not going to be companies moving from california, but as this economy improves, a lot of companies are going to be expanding. and we want them to look to our city, our state as they make those important expansion decisions, particularly again for those jobs. stuart: do you actually go to california yourself and try to prize them loose? >> i have been
FOX Business
Dec 6, 2012 9:20am EST
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FOX Business
Nov 30, 2012 4:00pm EST
in the current environment. you see explosive earnings growth. you have a top tier high quality management team. new products roll out at home depot gaining share. better pricing. which like the story going into 13. liz: could i say you see the spike around the time. hurricane. usg was heavily bought right after hurricane sandy because precisely of this but does that sustain? >> we think more important than the volume story their ability to achieve higher pricing levels. wall board is about $130 per thousand board feet. we could see that go to 145 next year. it is most inflationary single item in the building products universe. this is big driver of earnings. liz: tied to lumber or what? >> no. better pricings strategy. one price for the entire year as opposed to different prices to different customers. david: now you have a defensive pick. if you're less certain about the continued economic recovery you would pick fortune brands home and security. why? >> yes, sir. fortune brands is market share leader in plumbing. market share leader in the cabinet business. huge exposure to new residential c
FOX Business
Dec 4, 2012 3:00pm EST
where and tear on the vehicle land with a warm winter without snow and tough environment during the winter season people in need as many parts throughout this summer and the months following the winter season so as a result youths are seeing stock down 3% but had boys came out with some numbers and you're seeing these autoparts sailors under pressure. advance auto parts has been under pressure as well. those are the names we are watching. your customers, less demand for the parts. liz: thank you very much. $1 billion trade was par for the course from a next guest. for five years he was head, $10 billion pension fund named no. one in pension funds in 2010 and now he has made a move backed the private sector co founding his own company but only investing in a single state. so confident in his state he called the bid germany or china of the u.s.. he is the founding partner, steven leblanc. i find your situation so fascinating, you killed in the pension fund world and now it is like you switched sides because people use to come and sell you on their ideas so you would invest in them
FOX Business
Dec 4, 2012 4:00pm EST
with the dow crossing the unchanged line more than 70 times. how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it
FOX Business
Dec 6, 2012 7:00pm EST
're in a situation where the economy is not growing there are no jobs. we're facing an inflationary environment too. it is troubling, and it is just about politics, and ideology and pushing that forward no matter what without thinking -- >> what they are saying is that obama will have to give more, than entitlement cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression political party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the republican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes b
FOX Business
Nov 29, 2012 5:00pm EST
're in foreign environments. i was in abu dhabi. i get sick of the food. i went to a potpies. it was so nice to have comfort food.
FOX Business
Dec 3, 2012 9:20am EST
a home. if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at home getting deals,
FOX Business
Dec 6, 2012 3:00pm EST
through an environment with incredibly low interest rates, the financial sector is not making the money they once were. they need to be able to adapt and make some cuts. eventually at some point in time there will be a light at the end of the tunnel but right now is just management potentially cutting back to make sure they have got realistic numbers relative to what is going on today and tomorrow with regard to the economy. liz: only adds more fear to the market, the retail trader, the investor has been sitting on the sidelines. you know that as well as i do. e di ameritrade down, the stock down 20% since september of 2009. there was so much fear their and trading volumes of not gotten back to the heyday. what would get the retail investor off of the sidelines? >> number one, clarity. you talk about that an awful lot depended on the market place. once we get some sort of resolution in terms of what is going on with the tax structure and to tighten cuts and incremental revenues, what is happening with the whole fiscal cliff mantra? once they have an understanding of what is going on and
FOX Business
Nov 29, 2012 1:00pm EST
have people saying how the white house has had a change of tune. this is the type of environment we are in. as far as the big pitcher goes, the market is showing some resiliency considering we have had weeks after weeks of worries on the fiscal cliff, and yet we're still pulling off some up arrows. take a look at cold and macy's. both have come under some pressure. noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for t
FOX Business
Nov 30, 2012 9:20am EST
every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how do you get revenues. >> how. >> please, go ahead, go ahead. stuart: it's easy you lower tax rates and keep incentive to work harder. >> we've tried that. stuart: and you can't-- what. >> george bush tried that. look at the deficit we had. stuart: well, wait a minute you cannot rewrite economic history. after george bush lowered tax rates the return to the treasury, the money coming into the treasury went way up and the deficit, by the way, in 2007 was 167 billion dollars. >> so. stuart: president obama has got, 167 billion a month just about. don't rewrite economic history, julie. >> i'm not rewriting economic history. stuart: you are. >> i'm not-- >> i'm telling you if you lower tax rates you'll get more revenue. >> that's how do you it. >> i think history showed whether it's ronald reagan or-- >> ronald reagan, georg
FOX Business
Dec 3, 2012 11:00am EST
americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term horizons, you should be looking out what type of risk you can look at in the portfolio. the big dynamic change has been risks moving from i do not want to miss the upside to a game i want to watch and protect my principal. it is about risk budgeting now more than the way i need to allocat
FOX Business
Dec 5, 2012 9:20am EST
to part time, in the environment where we're looking at 8% unemployment, this isn't about solving the economy. it's very obvious now. stuart: all politics all the time, it is redistribution, it's neo-socialism, forget what it will actually do to economic growth, no, what will it do for my political legacy? >> that's the point. it's advancing the causes of bureaucracy and dependency. so you have people who they no long very a full-time job. they have a part-time job. they need more government benefits you need a bigger bureaucracy to administer it. i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced they are cutting 11,000 positions? they are re
FOX Business
Dec 5, 2012 1:00pm EST
. this fuel is lauded as great for the environment and a good thing. some manufacture you ares are saying guess what, it will void your warranty if you use this fuel in certain cars . what do you make of this whole thing? >> melissa, what happened this is good example where the government mandates picking winners and losers and forcing decisions on the part of consumers which could be harmful to consumers. comment by aaa coming out to say the decision to allow for e15 blend or 15% of their gasoline to be derived from biofuels, in this case ethanol, the auto manufacturers have said they will not honor their warranties if people use this fuel which is potentially harmful to their engines. the automakers researched this. melissa: it is amazing because they say i void your warranty. >> yeah. melissa: can you imagine you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new
FOX Business
Dec 6, 2012 11:00am EST
in an increasingly competitive environment? >> well, we try to stay ahead of the game. we have collections. i think one of the big trademarks of our product is the quality and intensity of colors, of course, joe kohler has been tremendous for us. the whole joe market opened up the professional market. we stay true to the course. when they get opi on their nails, you know it is quality. sometimes they would pay a little bit more to get a better product. that is where the opi name comes in. connell: we talk about the tax rates going up at the end of the year, potentially, for everybody. highly likely they will go up for the wealthiest of americans. in california, the top tax rate will be close to 52%. are you comfortable paying taxes at that level? >> comfortable or not, that is the price of living in california. i think there is a responsibility that each one of us has. we have to pay our fair share. it is what it is. dagen: okay. [ laughter ] >> i do not think we should get bogged down in the present, it is more important to go along with business and make more money so we can pay the taxes. dagen:
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